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Monday, 14 April 2014

K-Green Trust's Q1 profit rises 9.4%

K-GREEN Trust on Monday posted a 9.4 per cent increase in profit for its first quarter ended March 31, 2014 to S$3.5 million,

This translated to earnings per unit of 0.56 Singapore cents for the quarter, up from 0.51 Singapore cents a year ago.

This was despite the business trust's revenue dipping 1.3 per cent to S$16.8 million in the quarter.
The trust, which has an investment focus on green infrastructure assets, said it expected the underlying performance of its three assets to remain stable, thanks to their long-term concession agreements with Singapore statutory bodies, National Environment Agency and PUB.

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